306 Conyer StVisalia, CA 93291

Property Details for 306 Conyer St

Year built

1983

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

4,851 SF

Zone code

PA

Property type

Healthcare properties

Property subtype

Medical offices

APN

093-181-012-000

APU

93181012000

Description

This fully leased, 4,851 square foot medical office building presents a compelling investment opportunity in Visalia, CA. Located at 306 N Conyer St, in Tulare County, this 100% occupied property boasts a strong NOI of $64,800 and a 7.22% cap rate. The building, constructed in 1983 and situated on a 0.36-acre lot, features two adjoining medical offices. The larger space (approximately 3,619 sq ft) includes a spacious waiting room, reception area, ten exam rooms, two labs, four private offices, two large nursing stations, three break rooms, and three restrooms. The smaller office (approximately 1,232 sq ft) offers a waiting room, reception area, four exam rooms, a break area, two restrooms, and a private doctor's office. The property is zoned for mixed use downtown and is currently under a Net Net + lease with a remaining term of two years. The asking price is $875,000, representing a price per square foot of $180.38. This turnkey investment offers a stable income stream and significant potential for future growth in a thriving Central Visalia location. The property's fourteen exam rooms, five private offices, two labs, five restrooms, and two large waiting rooms provide ample space for medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $687,708

  6.5%

  $634,808

  7%

  $589,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $644,165

  Geo Method

  $922,466

• Alternative Use

  Use

  Valuation

  Residential

  $787,162

  Hospitality

  $721,036

  Educational

  $599,893

  Medical

  $620,524

  Retail

  $933,167

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.3325

Longitude

-119.301

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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